Cork’s Franciscan Well Brewery Set to Close After Christmas Due to Economic Challenges
Molson Coors has announced the closure of Cork’s Franciscan Well Brewery after Christmas, marking the end of an era for the iconic establishment. Founded in 1998, the brewery has become synonymous with several beloved local beverages. This decision comes in light of ongoing economic challenges that have hindered brand growth.
Impact on Employees and Brand Legacy
The closure will affect 15 employees directly. Molson Coors emphasized that this decision was not made lightly and followed extensive consideration.
- Established: 1998
- Location: Cork’s docklands
- Staff affected: 15 members
Despite significant investments in the brewery, including a refreshed brand identity in November 2022 and the introduction of new products like Well Hazy in 2023, the brewery struggled to scale its growth within the competitive craft beer market.
Challenges Facing Craft Breweries
The craft beer industry continues to face economic pressures. Franciscan Well asserted that these challenges have impacted both customers and consumers. The decision was made after evaluating the brewery’s capacity to sustain operations under the current economic climate.
Commitment to Employees
Molson Coors stated it would engage in a consultation process with the affected staff. The company expressed its commitment to handling the situation with integrity and respect. It plans to explore options for redeploying employees whenever possible.
Future of Franciscan Well
Molson Coors acknowledged the brewery’s significance in the local community. They remain open to discussions regarding the future of Franciscan Well and its brands. The closure highlights the broader issues facing small and independent breweries amid economic challenges.
More updates on the situation are expected as the consultation process unfolds.
